Victorian Pokies provide money for health

Mar 10 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Victorian government has raised almost $1 billion from the auction of poker machine licences and most of the money has been earmarked for health, with the remainder funding bushfire initiatives. The auction for the 10-year licences ended on Monday and breaks the current duopoly.

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill

22 Apr 2024

Acquisitions

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham

24 Apr 2024

Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes

22 Apr 2024

Opinion

Shared Care closer than we may think for retirement villages – will independent living fade away?

Over the weekend I was trawling through the slide deck of the Department of Health and Aged Care webinar in February discussing the future direction of Home Care and Support at Home. Hidden on about slide 46 was the clipping above which clearly...

Chris Baynes

30 Apr 2024

Three big questions the Budget must answer for aged care sector executives to move forward. Time for bravery?

With the Federal Budget now just 12 days away, there remains several unanswered questions that are weighing on boards and executives across the aged care sector. Despite the Aged Care Taskforce, chaired by the Aged Care Minister Anika Wells, handing...

Lauren Broomham

21 hours ago

Topic - Aged Care

Labor’s aged care promises when elected - how have they done?

When Anthony Albanese’s Labor Government came to power in 2022, they did so, in part, on the promise of fixing Australia’s aged care system. In the wake of the Royal Commission into Aged Care Quality and Safety and a Government that had been in...

Caroline Egan

21 hours ago

Topic - Aged Care

‘Great news’ for seniors’ housing in new NSW Transport Oriented Development planning reforms

The call by planners to include seniors housing, including residential aged care and co-located aged care and independent living, in the new building zones around 37 railway stations as part of changes to the Housing SEPP has been agreed. The...

Ian Horswill

21 hours ago

Government Policy

Whiddon completes $13M upgrade to three regional aged care homes: more to come

Not For Profit aged care provider Whiddon has completed a two-year, $13 million upgrade to its aged care homes in Narrabri, Wingham, and Bourke in regional and remote New South Wales. The upgrade includes refurbishing 50 rooms, upgrades to common...

Caroline Egan

21 hours ago